Louisiana § RS 27:612 - Fixed odds wagering on horse races
Full text of Louisiana Louisiana Civil Code § RS 27:612 — Fixed odds wagering on horse races, with citation guidance and answers to common questions.
§ RS 27:612. Fixed odds wagering on horse races
A. "Fixed odds wagering on horse races" means the acceptance of sports wagers on a sports event of a live or simulcast horse race with predetermined odds.
B.(1) "Fixed odds wager on horse races" means a sum of money or representation of value risked by a player on an occurrence associated with a sports event involving race horses for which the outcome is uncertain. The term includes single-race bets, teaser bets, moneyline bets, in-race wagering, proposition bets, straight bets, and parlays.
(2) Net gaming proceeds from all fixed odds wagers on horse races, other than parlays, shall be allocated as provided in R.S. 27:625(G)(4)(a)(ii) and shall be credited to the Fixed Odds Horse Wagering Purse Supplement Fund established by R.S. 4:200.
(3) Net gaming proceeds from all fixed odds wagers on horse races, in conjunction with a parlay bet with other sports events, excluding another horse racing event, shall be allocated as provided in R.S. 27:625(G)(4)(a)(i) and shall be credited to the Sports Wagering Purse Supplement Fund established by R.S. 4:199.
C.(1) The licensee or its sports wagering platform may accept fixed odds wagers on horse races conducted out of state, in accordance with the Interstate Horseracing Act of 1978, 15 U.S.C. 3001 et seq.
(2) The licensee or its sports wagering platform may accept fixed odds wagers on horse races conducted in this state after obtaining consent of the host racetrack and the Horsemen's Benevolent and Protective Association.
Acts 2025, No. 291, §2, eff. June 11, 2025.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 27:612
What does Louisiana Civil Code § RS 27:612 cover?
Section RS 27:612 ("Fixed odds wagering on horse races") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 27:612?
A common citation format is "Louisiana Civil Code § RS 27:612" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 27:612 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.